Archive for the ‘Fritz Henderson’ Category

The Treasury Department made headlines last week when it announced that bigwigs at bailed-out companies would be taking some sizable pay cuts. From banks to auto companies, many of those affected by the plan have remained silent, but General Motors' Fritz Henderson has now admitted that it's the right thing to do: "tough", but ultimately "fair". Of course, he's one of the lucky ones who's managed to avoid the feds' $500,000 salary cap. In fact, even with the reduction, Fritz will still make $950,000 a year, which sounds slightly more than "fair" -- though losing $310,000 worth of salary is slightly more than "tough", too. [DetNews]

The 2010 Golf GTI is making it’s away across the U.S. and in the lead up to its arrival in showrooms Volkswagen has launched the car in its App Store, with the availability of the new “Real Racing GTI” game. [Motor Authority]

Mazda caught a lot of flak earlier this year for stating outright that it would answer every other brand's hybrids with clean diesels, then promptly flip-flopping and saying it was working on hybrids. The latest news comes straight out of Tokyo as the 2009 Tokyo Motor Show continues on, with the company's head of R&D Seita Kanai hinting that the automaker may launch a diesel in the U.S. if the...